How much money did the Alaskan earthquake of 1964 waste?

The Alaskan earthquake of 1964, which was the most powerful earthquake recorded in North America, caused an estimated $311 million in damages at the time, equivalent to roughly $2.7 billion today when adjusted for inflation. The devastation affected infrastructure, homes, and businesses, particularly in Anchorage and surrounding areas. The quake also prompted significant changes in building codes and disaster preparedness measures in Alaska.